THOMAS A. FANNING - 13 Feb 2022 Form 4 Insider Report for SOUTHERN CO (SO)

Role
President, CEO & Chairman
Signature
/s/ Marcia R. DeMar, Attorney-in-Fact for Thomas A. Fanning
Issuer symbol
SO
Transactions as of
13 Feb 2022
Transactions value $
-$619,277
Form type
4
Filing time
15 Feb 2022, 16:56:56 UTC
Previous filing
14 Feb 2022
Next filing
18 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SO Southern Company Common Stock Options Exercise $0 +20.4K +3.04% $0.00 692K 13 Feb 2022 Direct F1
transaction SO Southern Company Common Stock Tax liability -$619K -9.27K -1.34% $66.79 683K 13 Feb 2022 Direct F2
holding SO Southern Company Common Stock 15K 13 Feb 2022 By 401(K)
holding SO Southern Company Common Stock 155K 13 Feb 2022 By Grantor Retained Annuity Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SO Performance Restricted Stock Units Options Exercise $0 -19.6K -33.33% $0.00 39.2K 13 Feb 2022 Southern Company Common Stock 19.6K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired upon vesting of first 1/3 of performance restricted stock units granted on February 3, 2021. The Compensation Committee and Management Succession Committee certified performance on February 13, 2022. Includes 820 accrued dividend equivalent units.
F2 Shares withheld to satisfy required state and federal tax withholding requirements.
F3 Represents first 1/3 of performance restricted stock units granted on February 3, 2021. The remaining award will vest 1/3 in 2023 and 1/3 in 2024. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. Additional units will be acquired with deemed dividends. Shares will be withheld upon vesting to satisfy tax requirements.